Tag: financial relief
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GSIS Introduces Debt Consolidation Program to Support Government Workers
The Government Service Insurance System (GSIS) has rolled out a new initiative called MPL Max, designed to alleviate the financial strain on government employees by allowing them to consolidate their debts. Announced on February 3, 2025, this program enables members to combine their loans from GSIS and other lenders into one manageable loan with a…
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GSIS Introduces Debt Relief Initiative for Government Workers
The Government Service Insurance System (GSIS) has rolled out a new loan buyout program on February 3, 2025, designed to alleviate the financial strain on its members. This initiative, known as MPL Max, enables government employees to consolidate their existing loans from GSIS and other lenders into one manageable loan with a favorable interest rate…
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Tolentino Proposes Bill to Exempt Electricity and Internet from VAT
In a move to alleviate financial pressures on Filipino families and businesses, Senate Majority Leader Francis Tolentino has introduced a bill to eliminate the 12% value-added tax on electricity and internet services. The proposal, Senate Bill No. 2970, was filed on January 31, 2025, and aims to reduce the high cost of electricity in the…
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